The Sagarmala Development Company (SDC) has been incorporated under the Companies Act, 2013. The company will have an authorised share capital of Rs 10 billion and a subscribed share capital of Rs 900 million. Earlier, […]
Essar Oil Limited is planning to invest Rs 16 billion for doubling the capacity of its Vadinar refinery. The investment is aimed at earning an additional $1.50 per barrel on it gross refining margin. Most […]
ONGC and IOCL have approved an investment of Rs 8.23 billion for the production of coal bed methane (CBM) of the BK-CBM-2001/1 block in Jharkhand. ONGC’s share in this investment will be Rs 6.58 billion. […]
Petronet LNG Limited (PLL) has commissioned regasification facilities at the Dahej LNG Terminal Expansion Project. The facility is under stabilisation. PLL, a joint venture (JV) company promoted by Bharat Petroleum Corporation Limited, GAIL (India) Limited, […]
ONGC Videsh Limited (OVL), the overseas arm of the Oil and Natural Gas Corporation (ONGC), has received a one-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea. […]
The New Mangalore Port Trust invited global expression of interest bids for setting up the Mangalore liquefied natural gas (LNG) terminal on August 25, 2016. The last date for submission of bids is September 22, […]
Indian Oil Corporation Limited (IOCL) will invest around Rs 13.3 billion in the Koyali refinery in two phases to complete the conversion from BS-III grade fuel to BS-IV by January 2017. The first phase will […]
GoAir has received approval from the MoCA to fly to nine countries – Iran, China, Vietnam, the Maldives, Azerbaijan, Uzbekistan, Kazakhstan, Qatar and Saudi Arabia. The airline plans to start international operations by the summer […]
The Kerala government has withdrawn the in-principle approval granted for the development of the Aranmula International Airport. The formal notification to be issued for revoking the in-principle approval is currently awaiting sanction from the law […]
The construction of a new terminal for international flights at Vadodara airport has been completed and the terminal is likely to be commissioned soon. The terminal has been constructed at a cost of Rs 1.6 […]
The Gujarat government has signed an MoU with the MoCA for the development and operation of 11 unserved and underserved airports and runways in the state under the RCS. The 11 airports/runways to be developed […]
The MoCA, the Maharashtra government and the Airports Authority of India have signed a tripartite MoU, a step forward in the launch of the Regional Connectivity Scheme (RCS) in the state. Under the MoU, the […]
The Navi Mumbai International Airport is likely to miss its Phase I completion target date of December 2019 due to an extension in the period allowed for bids and delays in various clearances. With the […]
GMR Airports Limited has won the contract for the development and operation of the greenfield Mopa International Airport project in Goa. The letter of award (LoA) is likely to be issued by October 2016 while […]
The Union cabinet has cleared the signing of a new air services agreement between India and Fiji, while the Ministry of Civil Aviation (MoCA) has signed an open skies agreement with Greece. Under the former, […]
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